What are the responsibilities and job description for the Product Risk Manager position at East West Bank?
Overview
East West Bank is seeking a Product Risk Manager. The Product Risk Manager is responsible for ensuring compliance with the Bank’s New Products and Services program by maintaining the New Products and Services (NPS) Policy, facilitating activities such as credible challenge meetings, NPSC meetings, NPS training, and supporting governance documents and reporting to the NPSC. Additionally, the Product Risk Officer is responsible for identifying and addressing risks related to products and services.
Responsibilities
- Verifying the completion of the New Products Risk Assessment (. ensuring all applicable fields are completed by the appropriate stakeholders).
- Updating the New Products and Services Policy and related risk assessment procedures and forms such that it supports the overall enterprise risk management framework and policy.
- Monitoring new regulatory guidance regarding New Product risk management that potentially may affect the Bank.
- Initiating the post-mortem review process within the time frame stated in NPS Policy for the New Product Sponsors to complete.
- Verifying that all applicable documentation is completed prior to presentation to the New Products and Services Committee.
- Engage with Business Unit Leaders and other Stakeholders to review products’ performance metrics.
- Establish and maintain a clear products and services inventory list including 2LOD credible challenges.
- Establish change management process on updating product risk assessment template to align with ERM risk taxonomy changes and risk management program methodology / definition changes.
- Implementation ongoing monitoring requirements for the product management lifecycle across new and modified products.
- Establish method and develop aggregated view of all product risk assessments to support the annual risk profile and reporting to the Bank.
- Establish clear process and methodology to assess volume and profitability for each product currently being reported.
- Perform other duties and special projects as assigned.
Qualifications
Compensation
The base pay range for this position is USD $120,000.00 / Yr. - USD $180,000.00 / Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.
East West Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other legally protected status. Reasonable accommodations for disability are provided to applicants and employees in accordance with applicable law.
Salary : $120,000 - $180,000
